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Inflation and Rents Raise the Cost of Living in Medellín
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Inflation continues to affect the cost of living for Colombians, and Medellín is among the cities where the economic impact is being felt most strongly, especially in housing, rent, food, and basic services. Although the country has shown a slowdown compared to the critical levels recorded in previous years, Colombia has now experienced six consecutive years of inflation exceeding the target set by the Central Bank. In April 2016, the annual inf…
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